Government Regulations in Crypto, WHAT WILL WE DO?!

in #bitcoin7 years ago

I have been giving this a lot of thought lately. When the US government, or any government, decides it wants its cut from the Crypto market, what are residents going to do? Well, some are going to pay their taxes. Others, are going to take a different approach.

The dawn of the privacy coin...

Why would we continue to use and invest in coins that are traceable and only "pseudonymous?" Why not take the plunge into coins like Monero, Zcash, Zcoin and Pivx now and hedge against regulations? This seems like a natural transition to make. You have most, if not all of the upside and much less downside. You can go even further and create new emails and use VPNs to completely remove your identity and location. These seem like tedious tasks, but in fact, they necessary when faced with inevitable crackdowns from governments all over the world.

My prediction is that there will be a huge surge in privacy coins in the next few years.

I hope these suggestions help. Let me know your thoughts.

Cheers!